Semantic Scholar
Open Access
1992
1613 sitasi
Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors
Guillermo A. Calvo
L. Leiderman
Carmen Reinhart
Abstrak
The characteristics of recent capital inflows into Latin America are discussed. It is argued that these inflows are partly explained by conditions outside the region, like the recession in the United States and lower international interest rates. The importance of external factors suggests that a reversal of those conditions may lead to a future capital outflow, increasing the macroeconomic vulnerability of Latin American economies. Policy options, it is argued, are limited.
Topik & Kata Kunci
Penulis (3)
G
Guillermo A. Calvo
L
L. Leiderman
C
Carmen Reinhart
Akses Cepat
Informasi Jurnal
- Tahun Terbit
- 1992
- Bahasa
- en
- Total Sitasi
- 1613×
- Sumber Database
- Semantic Scholar
- DOI
- 10.2307/3867379
- Akses
- Open Access ✓